Nasdaq 100 crumbles at an all-time high! What’s next? May 05, 2021 11:00
The Nasdaq 100 crumbled lower after failing to breach its previous all-time high price level around ~$14,070.00. The sell-off in Big Tech hurt all major US indices, with the Nasdaq 100 bearing the brunt of the move.
Apple was down more than 4%, Alphabet and Tesla down more than 3% and Facebook down around 2.8%. The moves lower have been attributed to worries regarding inflation.
Treasury Secretary Janet Yellen did little to calm markets by commenting that interest rates would have to rise to keep the economy from overheating.
Source: Admirals MetaTrader 5, NQ100, Weekly - Data range: from Oct 8, 2017, to May 4, 2021, performed on May 4, 2021, at 8:30 pm GMT. Please note: Past performance is not a reliable indicator of future results.
Amazon stock surges on huge earnings beat! What’s next? April 30, 2021 11:30
Amazon shares surged higher in premarket trading to new a record high on an earnings report that smashed Wall Street’s expectations. The stock was instantly up 3.5% on the announcement after the closing bell yesterday.
The e-commerce giant posted earnings of $15.79 per share against $9.54 per share expected. Revenue came in at $108.52 billion versus an expected $104.47 billion.
Sales were up more than 44% year on year, largely helped by the surge in demand of online shopping over the pandemic.
Source: Admirals MetaTrader 5, AMZN, Monthly - Data range: from Jul 1, 2013, to Apr 29, 2021, performed on Apr 29, 2021, at 8:30 pm GMT. Please note: Past performance is not a reliable indicator of future results.
Weekly Market Outlook: RBNZ, Commodities and earnings in focus February 22, 2021 09:49
In the last full trading week of February, all eyes turn to the Reserve Bank of New Zealand interest rate decision and press conference on Wednesday, with UK employment and comments from Federal Reserve Chairman Jerome Powell on Tuesday.
The currency markets are likely to dominate flows this week, as the US dollar gains most of the attention from the prospects of US President Joe Biden’s stimulus plan.
Company earnings announcements start to wind down with only a few companies left to report including HSBC, NVIDIA, Lloyds Banking Group, AirBnB and many others.